**Budgeted S&A Expenses**| | October | November | December ||--------------------------|---------|----------|----------|| Salary Expense | 10,000 | 10,500 | 11,000 || Sales Commissions, 5% of Sales | 5,000 | 5,500 | 5,300 || Insurance Expenses | 2,000 | 2,000 | 2,000 || Rent | 4,000 | 4,000 | 4,000 || Depreciation on Equipment| 2,400 | 2,400 | 2,400 || Utilities | 1,500 | 1,500 | 1,500 || **Total Operating Expenses** | 22,900 | 23,900 | 23,700 |**Schedule of Cash Payments for S&A Expenses**| | | | ||--------------------------|----------|----------|----------|| Salary Expenses | 10,000 | 10,500 | || 100% of Prior Month Sales Commissions | 5,000 | 5,500 | || Insurance Expense | 2,000 | 2,000 | 2,000 || Rent | 4,000 | 4,000 | 2,400 || 100% of Prior Month Utilities Expenses | 1,200 | | || **Total Payments for S&A Expenses** | | | |---**Question:** What is the amount of sales commissions payable that the company will report on its pro forma balance sheet at the end of the fourth quarter?**Multiple Choice:**- ○ $5,500- ○ $5,000- ○ $5,300- ● $10,000*Note: $10,000 is highlighted as selected.*

Sales commission of current month is paid in the next month.

Answered: ravineent O s5.50 O s5.000 O 55.300…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Mutiple Choice O $72.00 O $500 O $400
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1. MC.14.81.ALGO 2. MC.14.96.ALGO 3. MC.11.69.ALGO 4. MC.11.112.ALGO 5. MC.15.86.ALGO 6. MC.15.125 7. MC.16.71.ALGO 8. MC.16.86.ALGO 9. MC.17.87.ALGO 10. MC.17.129 11. MC.18.58.ALGO 12. MC.18.45.ALGO 13. MC.20.81.ALGO Mocha Company manufactures a single product by a continuous process, involving three production departments. The records. indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000, $60,000, and $70,000, respectively. Department 2 has transferred-in costs of $390,000 for the current period. In addition, work in process at the beginning of the period for Department 2 totaled $75,000, and work in process at the end of the period totaled $90,000. The journal entry to record the flow of costs into Department 3 during the period is Oa. Work in Process-Department 3…
Sohr Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar beets costs $51 to buy from farmers and $10 to crush in the company's plant. Two intermediate products, beet fiber and beet juice, emerge from the crushing process. The beet fiber can be sold as is for $21 or processed further for $11 to make the end product industrial fiber that is sold for $59. The beet juice can be sold as is for $42 or processed further for $24 to make the end product refined sugar that is sold for $59. How much profit (loss) does the company make by processing one batch of sugar beets into the end products industrial fiber and refined sugar? Multiple Choice O $(4) $8
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Financial metricsfor crystal GlobeTravel include a total asset turnoverof 1,25 and a return equity of14,30 %, and a debit ratio of 15 % with total asset amounting to R3588 as per the statementof financial position, and considering the financing structure comprising both debt and equity,what is the net profit margin of the company?
ent II - Chapter 5 Saved Help Save & E 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 15.6178 10.63496 16.0863 10.95400 17.0863 11.29607 18.5989 11.93794 17.5989 11.63496 19.1569 12.29607 20.1569 12.56110 20.7616 12.93794 Monica wants to sell her share of an investment to Barney for $140,000 in 4 years. If money is wOrth 6% compounded semiannually, what would Monica accept today? Multiple Choice 110,517 $ 109.263 ( Prev 7 of 15 Next>

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ravineent O s5.50 O s5.000 O 55.300 sno00